VeChain (VEN): Trend Reversal Higher Highs

The below chart of VeChain (VEN/USD) was posted on April 2nd showing that a breakout on D wave was likely (white arrow). Just because the pattern is a triangle doesn't mean it has to be a five wave Elliott Wave triangle. It has become more and more trending for Cryptos to breakout on the D wave rather than finish the E. Yet another personality trait that's a departure away from the equities.

The curernt price shows that a decisive breakout has taken place. The impulse wave shows that 1,2 and 3 are complete with 4 likely in progress. Wave 5 should well exceed $4.50 or so. Look a the MACD.....does it look like it'll crash the price or explode it up?

Legal Disclaimer: I am not a financial advisor nor is any content in this article presented as financial advice. The information provided in this blog post and any other posts that I make and any accompanying material is for informational purposes only. It should not be considered financial or investment advice of any kind. One should consult with a financial or investment professional to determine what may be best for your individual needs. Plain English: This is only my opinion, make of it what you wish. What does this mean? It means it's not advice nor recommendation to either buy or sell anything! It's only meant for use as informative or entertainment purposes.